Indicator Description: "Buy-Sell Signals MACD+RSI [S-REZVANI]"
Overview:
This indicator combines the power of MACD, RSI, and a smoothed ALMA moving average to generate precise buy/sell signals. Designed for traders seeking confluence across momentum and trend-following tools, it highlights entry points with colored candlesticks and clear triangular markers, while minimizing false signals through multi-condition filtering.
How It Works
MACD Crossover:
Triggers potential signals when the MACD line crosses above/below its signal line.
Histogram color changes reflect bullish/bearish momentum shifts.
RSI Threshold Confirmation:
Buy: RSI (6-period) must rise above a user-defined threshold (default: 55) to confirm strength.
Sell: RSI must drop below 100 - threshold (default: 45) to confirm weakness.
ALMA Dynamic Support/Resistance:
Uses an Arnaud Legoux Moving Average (ALMA) with customizable smoothing to act as a dynamic filter.
Buy signals require price to close above the ALMA; sell signals require closing below.
Key Features
✅ Triple Confirmation System: Combines MACD crossovers, RSI thresholds, and ALMA trend alignment.
✅ Customizable Inputs: Adjust EMA periods, RSI length, and threshold levels to fit any strategy.
✅ Visual Clarity:
Colored Candles: Blue for bullish bias, red for bearish bias, and neutral fading otherwise.
Triangle Markers: Clear buy (▲) and sell (▼) signals below/above price bars.
✅ TradingView Alerts: Built-in alerts notify you instantly when new signals appear.
Input Parameters
EMA-0: ALMA period (default: 9).
EMA-0 Smoother: ALMA smoothing factor (default: 3).
RSI Length: RSI calculation period (default: 6).
RSI Threshold: Key level for confirming strength/weakness (default: 55).
Usage Guidelines
Bullish Entry: Blue candle + ▲ triangle appears when:
MACD Bullish Crossover + RSI > Threshold + Price > ALMA.
Bearish Entry: Red candle + ▼ triangle appears when:
MACD Bearish Crossover + RSI < (100 - Threshold) + Price < ALMA.
Best Suited For: Swing trading or trend-following strategies on 1H+ timeframes.
Why This Indicator?
By requiring alignment across three distinct technical tools, this script filters out noise and focuses on high-probability setups. Its clean visual design ensures easy interpretation, while customizable settings allow adaptation to volatile or ranging markets.
Note: Pair with risk management tools (stop-loss, take-profit) and backtest strategies for optimal results.
Created by S-Rezvani | TradingView Community 🚀
Tip: Combine with volume analysis or support/resistance levels for added confirmation!